Enexor BioEnergy

Overview
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Current-gen renewables?

Enexor BioEnergy has developed a patented, small-scale, modular system known as the “Enexor Bio-CHP,” which can be rapidly deployed in any location to convert organic and plastic waste into clean energy. The company has produced two models: 1) “Bio-200,” which uses organics, plastics, and Enex-Fuel (a proprietary mix that includes agro-waste, food waste, wood waste, biosolids, paper, and cardboard) as fuels; 2) PTE-200, which uses plastics as its fuel source.

The Bio-CHP works by thermally oxidizing organics, plastics, or Enex-Fuel inserted into the system in a reactor vessel under high pressure and high temperatures. The resulting hot gasses are then channeled through a particulate separation system to remove inorganic particulates from the gas stream. Following this, the hot exhaust gas stream is run through a high-temperature heat exchanger to heat up pressurized air. The air then moves from the heat exchanger to a microturbine to generate power. Furthermore, waste heat is then converted to thermal energy by passing the reduced-temperature combustion exhaust gas through a heat exchanger to generate hot water or steam.

The Bio-CHP system can be installed and commissioned within a day and multiple systems can be installed side-by-side to generate up to 2.5 MW of combined power. Furthermore, according to the company, each Bio-CHP system has the ability to reduce up to 2,200 metric tons of CO₂ equivalent emissions annually.

Furthermore, all of Enexor’s systems are equipped with controllers, which can communicate with IoT-enabled devices and supports blockchain technology. Additionally, each system is remotely monitored from Enexor's headquarters in Tennessee for optimal operations. The systems are also able to integrate with intermittent renewable energy sources such as wind and solar systems.

Key customers and partnerships

In September 2021, Enexor partnered with the University of Tennessee to test high-temperature ceramic filter technologies.

Funding and financials

In May 2023, Enexor was awarded a demonstration grant from the Department of Defense’s Environmental Security Technology Certification Program to demonstrate its Bio-CHP system at a US Navy installation. Prior to this, in August 2021, BorgWarner invested USD 10 million in the company.


HQ location:
1 Enterprise Ct Franklin TN USA
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 15.0 mn
Last Funding:
USD 10.0 mn (Series A; Aug 2021)
Last valuation:
-
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